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Domain questions check that you actually use the knowledge — not just that you can recall the textbook. Interviewers want a sharp, specific answer that betrays day-to-day fluency.

Domain · Technical Depth

Explain the difference between tracking error and information ratio, and how you'd use the two together to judge whether an active manager is earning their fee.

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Tracking error is the standard deviation of a portfolio's returns relative to its benchmark — it measures how differently the manager behaves, not how well.

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